QUALCOMM Incorporated (QCOM) earnings on July 29, 2026
More QUALCOMM Incorporated earnings
Prior outlook: No statistical edge
Qualcomm's stock initially rose after earnings but then reversed to close down 3.3%. Several analysts cut their price targets following the report.
QCOM price around the earnings
151.60
Change: -3.3%
2026-07-30, 20:00 UTC
Start of the measured window
End of the measured window
143.20
150.29
157.37
164.46
156.84
July 29, 2026
July 30, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
- Results released
Deeply after a strong recent drop but trend strength deteriorating; BMW partnership provides catalyst, high IV elevates risk
Context analyzed before publication
- Trend
- Trajectory collapsed from 63.3 to -6.6 over the week, indicating rapidly weakening setup despite after a strong recent drop conditions
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.56
- Analysts covering the stock
- 30
- Average price target
- 220.57
- Lowest price target
- 100
- Highest price target
- 314
- Upside to price target
- 39.5%
- Quarterly earnings growth
- 162.1%
- Revenue growth
- -3.5%
- Forward EPS
- 10.99
- Trailing EPS
- 9.3
- Analyst moves in the last 60 days
- 10
- Strong buy: 2
- Buy: 9
- Hold: 22
- Sell: 1
- Strong sell: 2
- Strong buy
- 2
- Buy
- 9
- Hold
- 22
- Sell
- 1
- Strong sell
- 2
- July 13, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- June 29, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
- June 25, 2026 · Barclays: Maintains rating (Underweight → Underweight)
- June 25, 2026 · UBS: Maintains rating (Neutral → Neutral)
- June 25, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- June 25, 2026 · Morgan Stanley: Upgrades rating (Underweight → Equal-Weight)
- June 25, 2026 · Bernstein: Maintains rating (Market Perform → Market Perform)
- June 25, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- June 25, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
- June 25, 2026 · TD Cowen: Reiterates rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- BMW Selects Qualcomm As Its Lead Compute Silicon Provider For Digital Cockpit, Advanced Driver Assistance, Automated Driving Systems (opens in a new tab) — Benzinga
- Qualcomm Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- 'Qualcomm Tells Customers That Prices Are Going Up by Double Digits' - Bloomberg (opens in a new tab) — Benzinga
- Why Wall Street May Be Mispricing Qualcomm's AI Future, Citrini Says (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 162.81
- Average true range (ATR)
- 4.7%
- Distance to 52-week high
- -36.8%
- 14-day change (14d)
- -8.6%
- 30-day change (32d)
- -13.7%
- 30-day relative strength
- -9.4%
- QQQ change (32d)
- -4.3%
- Nearest support
- 161.35
- Distance to nearest support
- 0.9%
- Nearest resistance
- 163.2
- Distance to nearest resistance
- 0.2%
- Volume accumulation ratio (14d / 46d)
- 0.67
- Major: 161.35 (0.9% away, 0.19 ATR, 66 touches)
- Major: 158.96 (2.4% away, 0.51 ATR, 77 touches)
- Major: 157.79 (3.1% away, 0.66 ATR, 73 touches)
- Major: 163.2 (0.2% away, 0.05 ATR, 51 touches)
- Major: 165.19 (1.5% away, 0.31 ATR, 83 touches)
- Major: 167.25 (2.7% away, 0.58 ATR, 63 touches)
Trends
Evidence
- Average earnings surprise
- +3.1%
- April 29, 2026: actual EPS 2.65 vs estimate 2.56 (surprise +3.3%)
- February 4, 2026: actual EPS 3.5 vs estimate 3.4 (surprise +2.9%)
- November 5, 2025: actual EPS 3 vs estimate 2.88 (surprise +4.3%)
- July 30, 2025: actual EPS 2.77 vs estimate 2.71 (surprise +2.0%)
Expected move
- Implied move
- +7.2%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 6.8%
- 75th percentile move
- 8.8%
- 90th percentile move
- 10.2%
- Up / down moves
- 6 / 14
- Average up move
- +9.9%
- Average down move
- -5.6%
Monitoring and close
What QUALCOMM Incorporated reported
- Status
- Finished
| Actual EPS | 2.21 |
|---|---|
| EPS estimate | 2.22 |
| EPS surprise | -0.5% |
Qualcomm falls on weak guidance despite revenue beat; Apple modem business slows. UBS cuts target to $170, Benchmark to $270. Automotive segment highlighted.
Sources (50)
- Benchmark Maintains Buy on Qualcomm, Lowers Price Target to $270 (opens in a new tab) — Benzinga
- UBS Maintains Neutral on Qualcomm, Lowers Price Target to $170 (opens in a new tab) — Benzinga
- Qualcomm's automotive segment is the highlight of Q3: CFO (opens in a new tab) — Yahoo Finance Video
- Qualcomm Stock Falls on Weak Q4 Outlook Despite Revenue Beat (opens in a new tab) — GuruFocus.com
- RBC Capital Maintains Sector Perform on Qualcomm, Lowers Price Target to $160 (opens in a new tab) — Benzinga
- Susquehanna Maintains Neutral on Qualcomm, Lowers Price Target to $160 (opens in a new tab) — Benzinga
- Citigroup Maintains Neutral on Qualcomm, Lowers Price Target to $175 (opens in a new tab) — Benzinga
- BMW names Qualcomm lead chip supplier for next-gen platforms (opens in a new tab) — Just Auto
- TD Cowen Maintains Buy on Qualcomm, Lowers Price Target to $175 (opens in a new tab) — Benzinga
- Qualcomm's Near-Term Visibility 'Cloudy' As ASIC Ramp, Apple Roll-Off Weigh on Margins (opens in a new tab) — Benzinga
- Qualcomm Facing Margin Pressures, Custom Silicon Risks, RBC Capital Markets Says (opens in a new tab) — MT Newswires
- Qualcomm shares slip as profit outlook falls short of expectations (opens in a new tab) — Proactive
- Wells Fargo Maintains Equal-Weight on Qualcomm, Lowers Price Target to $170 (opens in a new tab) — Benzinga
- Evercore ISI Group Maintains In-Line on Qualcomm, Lowers Price Target to $159 (opens in a new tab) — Benzinga
- Qualcomm Misses Q3 Earnings Estimates, Revenues Beat on Auto Growth (opens in a new tab) — Zacks
- QCOM Stock Has Lost 41% In Two Months — Wall Street Turns Cautious After Qualcomm Warns AAPL's Exit Is Accelerating (opens in a new tab) — Stocktwits
- Chip stocks are rebounding — except for Qualcomm: Why it might just be a 'one off' (opens in a new tab) — Yahoo
- QCOM Q3 Earnings Call Highlights AI Expansion (opens in a new tab) — Zacks
- Cantor Fitzgerald Maintains Neutral on Qualcomm, Lowers Price Target to $165 (opens in a new tab) — Benzinga
- Qualcomm Has Huge News for Apple (opens in a new tab) — GuruFocus.com
- Rosenblatt Maintains Buy on Qualcomm, Lowers Price Target to $235 (opens in a new tab) — Benzinga
- Morgan Stanley Maintains Equal-Weight on Qualcomm, Lowers Price Target to $220 (opens in a new tab) — Benzinga
- Qualcomm Q3 2026 earnings: profit drops 25% on higher costs (opens in a new tab) — Quartz
- Meta Posts Mixed Q2 Results, Joins Coursera, Qualcomm And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session (opens in a new tab) — Benzinga
- What Are Wall Street Analysts' Target Price for QUALCOMM Stock? (opens in a new tab) — Yahoo
- Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast (opens in a new tab) — Reuters
- Markets Ride a Roller Coaster of Fed Confusion and AI Hope After Savage Selloff (opens in a new tab) — Barrons.com
- Rising Memory Costs Are Hurting Smartphones, Qualcomm Warns (opens in a new tab) — Benzinga
- Qualcomm Shares Fall as Fourth-Quarter Profit Outlook Disappoints (opens in a new tab) — InvestorsHub
- Why Qualcomm Stock Is Falling Sharply After Earnings (opens in a new tab) — Barrons.com
- The Zacks Analyst Blog Highlights Meta Platforms, Microsoft, Qualcomm, Starbucks and Chipotle Mexican Grill (opens in a new tab) — Zacks
- Forget the Apple Phase-Out: Patrick Moorhead Says Qualcomm Boasts a 'Rocking' Auto Business and Data Center Tech 'Different From NVIDIA' (opens in a new tab) — Benzinga
- Qualcomm's Automotive Growth Supports The Buy Case (opens in a new tab) — SeekingAlpha
- Qualcomm Inc (QCOM) (Q3 2026) Earnings Call Highlights: Record Automotive Revenue and Data ... (opens in a new tab) — GuruFocus.com
- Meta Platforms, Qualcomm, Robinhood, Microsoft and Chipotle: Why These 5 Stock Are on Investors' Radars Today (opens in a new tab) — Benzinga
- Qualcomm Q3 Earnings Call Highlights (opens in a new tab) — MarketBeat
- QCOM Stock Drops Nearly 8% After Hours — Qualcomm’s Q3 Earnings Miss, Weak Q4 Outlook Overshadows Revenue Beat (opens in a new tab) — Stocktwits
- Qualcomm and Arm Forecasts Fail to Impress Investors (opens in a new tab) — Bloomberg
- Compared to Estimates, Qualcomm (QCOM) Q3 Earnings: A Look at Key Metrics (opens in a new tab) — Zacks
- Qualcomm’s Shares Fall After Earnings Miss (opens in a new tab) — Barrons.com
- Qualcomm (QCOM) Q3 Earnings Miss Estimates (opens in a new tab) — Zacks
- Qualcomm CFO Says Expect Q4 Qct Handset Revenues To Be ~ $5.2B; Expect Q4 Qct IoT Revenues To Remain Approximately Flat Versus The Year Ago Period; Expect ~ 60% Year-over-year Revenue Growth For Qct Automotive In Q4; Anticipate Non-GAAP Operating Expenses To Be ~ $2.7B In Q4; Anticipate Growth In Non-Handset Revenues To Accelerate From 24% In Fiscal '26 To Greater Than 60% In Fiscal '27 (opens in a new tab) — Benzinga
- Qualcomm CEO Says Our Two Near Term, Custom Silicon Wins Will Be Revenue Generating In The December Quarter; Have Begun Wafer Production On Custom Silicon; Have Completed The Tape-out Of Hbc Gen 1; Now Expect Annualized Automotive Sales Of ~ $7B Exiting Fiscal 26; osition At Samsung Remains Strong, With Snapdragon Powering ~ 70% Of Their Flagship Devices (opens in a new tab) — Benzinga
- Qualcomm falls on weak fourth quarter earnings guidance (opens in a new tab) — Investing.com
- Qualcomm Profit Declines, Dented by Higher Costs (opens in a new tab) — The Wall Street Journal
- Qualcomm Gives Tepid Profit Forecast in Sign of Phone Woes (opens in a new tab) — Bloomberg
- Qualcomm (NASDAQ:QCOM) Beats Q2 Sales Targets But Stock Drops (opens in a new tab) — StockStory
- Qualcomm Says YoY Growth In Non-Handset Revenue In FY27 To Replace Total Apple Product Revenues In FY26; Expect Acceleration In Step Down Of Apple Product Revenues, Starting In Q4; Unprecedented Increases In Memory Pricing, Supply Constraints Made Cyclical Headwinds For Global Smartphone Industry In FY26 (opens in a new tab) — Benzinga
- Qualcomm Says In Near Term, Sees Growth In Non-Handset Rev, Including Data Center, To Accelerate From 24% In FY26 To Greater Than 60% In FY27; Estimate QCT Handset Rev From China OEMs Reached Bottom In Q3, To Return To Double-Digit Sequential Growth In Q4; Expect QCT Android Handset Rev To Decline By About 20% In FY26, Driving Reduction In Annual EPS By Greater Than $1.50 (opens in a new tab) — Benzinga
- Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate (opens in a new tab) — Reuters
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- -3.3%
- Max move
- -8.8%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.